I have couple regular rentals in Seattle area. I am getting 6%-8% cash flow cap rate. I am thinking about converting those to vacation rentals in AirBnb and elsewhere. Eventually, I will add a few more to portfolio, a...

Good Evening,I've followed BP for about a year now, but this is my first post!This March, I purchased a 3/1 property in Atlanta.  I live here with two friends.  I am considered renovating the bare-bones, concrete-slab...

I'm in the process of buying a mobile home court with 22 pads. It was converted to city sewer and water about 10 years ago. My understanding is that I need electric, water, and sewer inspections of each Pad. Is thi...

What is best way to find bank owned commercial property?

I am purchasing an as-is property and know that there are some roofing issues (a few spots) and electrical (in bed and kitchen) and also a few windows need to be replaced. Instead of rehabbing the whole building and s...

Hi BP community,

I understand that the primary residence capital gain exclusion requires that you have lived in your house as primary residence for 2 out of the past 5 years. Does it mean that I have to have owned th...

There is an old motel, with a large single family home, and 5 cottage style rooms on the lot. They only have one room with a bathroom.I would like to live in the single family house and airbnb the rest of the rooms. T...

Greetings,My house has a small room next to the garage and I did some research on the property and it was classified as "entertainment" there is a gas line in there and the size of it is descent enough to rent it and ...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $255,000

Was originally our primary residence, then life happened and the Navy moved us around the country for a while....

I have an idea that my tax professional says won't work. I have read through the complete IRS guide to rental properties and can't find anything that specifically prohibits this plan from working. Anyone know for a fa...